Nifty on the 500tick charts turned to postional buy mode on last thurday trading session. And currently the support zone comes closer to 5756. Reverse your position to sell mode if the support zone breaks on 500 tick charts.
Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
Nifty 500 Tick Charts Update for 22nd April 2013
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